Conventional Payment Schedule Amortization Type
Interest Only and Principal Only payment types in Conventional Payment Schedule.
Earlier payment amounts in case of Conventional Payment Schedule Amortization Type must contain sum of principal and interest. Payment Type was always expected as ‘Principal and Interest’. CFE has been enhanced to support ‘Interest Only’ and ‘Principal Only’ Payment Types also.
Business Benefits:
This will increase functional coverage of use cases that can be configured using Conventional Payment Schedule.
Steps to Enable
You don't need to do anything to enable this feature.